Remember Barack Obama's profound 2012 campaign speech about success? Here's part of what he said: There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back. They know they didn’t -- look, if you’ve been successful,...
Economics
Whether the Interest Rate Rises or Falls, Inflation Is Here to Stay
by Joseph Solis-Mullen | Nov 21, 2024 | Economics, Featured Articles
In an economic landscape shaped by the aggressively rising prices of 2020-2022, the Federal Reserve's monetary policy pendulum swung dramatically. Starting from rock bottom rates, it engaged in a series of hikes the likes of which had not been seen since the early...
For Elon Musk’s DOGE to Succeed, He Needs Ron Paul
by David Gornoski | Nov 20, 2024 | Economics, Featured Articles, Politics
Most Americans have a heart that yearns for a leaner, more efficient government, one that obeys the U.S. Constitution and practices fiscal honesty. For the last six decades, no figure has been more iconic and relentless in this pursuit than former Congressman Ron...
The Greatest Tariff Speech in Congressional History
by Jim Bovard | Nov 19, 2024 | Economics, Featured Articles, History
Donald Trump is bringing his idolatry of high tariffs back to the White House. Trump proclaims that “tariffs are the greatest!” and that “tariff” is “the most beautiful word in the dictionary.” Vast numbers of his Republican supporters will echo any dubious dogma that...
Taking It for Granted
by Sheldon Richman | Nov 19, 2024 | Blog, Economics
"Capitalism, says Marx, unthinkingly repeating the fables of the eulogists of the Middle Ages, has an inevitable tendency to impoverish the workers more and more. The truth is that capitalism has poured a horn of plenty upon the masses of wage earners who frequently...
The Miracle of Mass Production
by Sheldon Richman | Nov 18, 2024 | Blog, Economics
"The fact that my fellow man wants to acquire shoes as I do, does not make it harder for me to get shoes, but easier." —Ludwig von Mises, Human Action
Shame on You, Socialists!
by Sheldon Richman | Nov 17, 2024 | Blog, Economics
American socialists not only pit workers against entrepreneurs; they also pit rich American workers against the poor workers of the rest of the world. Shame on you, socialists!
The Value of Selfishness
by Sheldon Richman | Nov 16, 2024 | Blog, Economics
"The welfare school pretends not only to stand for the interests of the whole of society as against the selfish interests of profit-seeking business; it contends moreover that it takes into account the lasting secular interests of the nation as against the short-term...